The Department of Energy (DOE) on Wednesday released the terms of reference for the fourth round of the Green Energy Auction (GEA-4), offering up to 10,478 megawatts (MW) of renewable energy (RE) projects. The auction aims to boost the country’s RE capacity and push the transition to a more sustainable and secure energy system.
GEA-4 seeks to attract investments in 9,378 MW of ground-mounted solar, roof-mounted solar, floating solar, and onshore wind projects, all slated to be operational between 2026 and 2029. Additionally, the auction introduces 1,100 MW of solar and solar energy storage systems to enhance grid reliability and flexibility—marking the first time RE technologies with battery storage are included in the program.
Energy Secretary Raphael Lotilla said the auction will provide incentives for RE producers through fixed power rates, with the potential for tariff adjustments based on market conditions as determined by the Energy Regulatory Commission (ERC). The setup aims to maintain fair pricing, ensuring transparency and investor confidence.
GEA-4 reflects the country’s commitment to clean energy and aligns with the objective of increasing the RE share in the power generation mix to 35 percent by 2030 and 50 percent by 2050. With the auction offering competitive opportunities for the development of renewable energy, the DOE is accelerating the country’s shift to a more resilient and sustainable energy future.
Qualified bidders must hold RE service contracts or possess a certificate of authority, with the supply contracts for successful projects lasting 20 years from the date of commercial operation.
